The real was the currency of Honduras until 1862.[1] Before 1824, the Spanish colonial real circulated, followed by the Central American Republic real. Sixteen silver reales equalled one gold escudo.[citation needed]
Honduras's own real was introduced in 1832. Coins were issued in denominations of 1⁄2, 1, 2, 4 and 8 reales.[citation needed] The first issues were minted in 33.3% silver but severe debasement followed, leading to an issue in 1853 containing just 4% silver.[citation needed] This was followed in 1855 and 1856 by an issue in copper and then an issue between 1857 and 1861 in a copper-lead alloy.[citation needed]
The real was replaced by the peso at a rate of 8 reales = 1 peso. The real continued as the subdivision of the peso until 1871.[citation needed]
References
edit- ^ Gyllenbok, Jan (2018-04-25). Encyclopaedia of Historical Metrology, Weights, and Measures: Volume 2. Birkhäuser. ISBN 978-3-319-66691-4.
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